Top 5 Blockchain E-Commerce Platforms

Today, blockchain technology represents one of the technological priorities for more than 50% of companies to promote their technical strategies, consequently offer to adopting Bitcoin.

What is Blockchain?

When talking about blockchain, we always refer to a ledger because it is the closest comparison regarding its foundation.

The accounting books systematize each, and every one of the operations carried out during an accounting period, the same situation occurs with the blockchain.

The transactions carried out digitally in a certain period are recorded in a secure, decentralized manner and without the intervention of third parties.

Third parties in the blockchain are the way to name financial-banking institutions and government entities.

In addition, one of the virtues of the blockchain is that it cannot be modified or altered during any of the processes that are carried out in it; it is incorruptible.

Each block of the blockchain is interrelated, where only the participants or users involved in the operations are the only ones in charge of validating the information generated in said nodes.

These users have the function of the banking entities where they are in charge of verifying and authorizing that the transactions carried out under the blockchain platform are safe and correct.

Blockchain used in the financial market

This technological platform is increasingly positioned and coveted by many corporations; consequently, with the passing of days, there is a greater demand in negotiations with cryptocurrencies.

It is no secret to anyone that most of these users are betting their most precious capital to see a return with insurmountable profits in a given time that no financial institution will be able to offer their savings.

That is why it has become an attractive technology in the financial and commercial sectors, introducing payment proposals to the commercialization sector.

Among some of the most common uses currently given to the blockchain, we find the following:

• As a form of financing and savings, where companies offer tokens as a virtual representation of shares.

• The purchase, sale, and auction of crypto assets.

• Making use of smart contracts where the users in the operations are the only ones who participate, leaving aside the lawyers and other entities that serve as mediators in the traditional market.

• Smart contracts programs that allow two parties to enter into a contract without the mediation of third parties.

• As a payment method, it is one of the uses with the highest positioning because transactions can be made from anywhere in the world in brilliantly short times and without the intervention of third parties.

Blockchain payment gateways

Electronic commerce cannot be left out when it comes to technological innovations, which is why corporate managers are channeling all their energies into implementing payment gateways under the blockchain platform.

Over time, cryptocurrencies have been positioning themselves, where their levels of popularity have allowed many to carry out operations with digital currencies such as Bitcoin, and Ethereum, among others, on a very regular basis.

It has caused a stir, but for companies, it represents a new form of income in a constantly changing world due to the economic and financial environment and the technology sector.

Just as banks have the resources to make payments and many companies have created innovative payment platforms to purchase goods and services through the web because the blockchain technology could not be left out.

These payment gateways represent the evolution in the traditional market where companies also adapt to electronic commerce virtually or digitally, as known in the digital world as e-commerce.

The payment gateways currently used to consume the balances in cryptocurrencies for the acquisition of products or services that users require are the following:

1.  NOWPayments: it is a payment platform that offers transactions with Bitcoin and Ethereum and more than 100 cryptocurrencies, which can be converted into Fiat currencies.

2.  CoinPayments versatility and wide availability of 2000 cryptocurrencies make transferring digital currencies to wallets much more versatile.

3.  CoinGate offers its users the possibility of controlling and supervising the operations carried out with cryptocurrencies.

4.  Coinbase has its cryptocurrency payment services available in 100 countries allowing accessibility in many parts of the world.

5.  BitPay's simplicity and ease of use make it popular among blockchain payment platforms.

Conclusion

The time to update in terms of financial technologies is now, the currencies of the future are in the present, and every day they have greater use and scope when purchasing goods and services through the digital market.